Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

Board Actions

Actions taken during the week ending June 27, 2009


Bank Holding Companies

Morgan Stanley, New York, New York  -- (1) to retain shares of Herald National Bank, New York, and (2) to acquire additional shares of Chinatrust Financial Holding Company, Ltd., Taipei, Taiwan, and thereby increase its ownership in Chinatrust Bank (U.S.A.), Torrance, California.
-Approved, June 26, 2009 

Enforcement

1st Financial Bank, Overland Park, Kansas  -- written agreement with the Federal Reserve Bank of Kansas City and the Kansas Office of the State Banking Commissioner.
-Announced, June 22, 2009 

Bank of Canton, Canton, Pennsylvania  -- written agreement dated October 10, 2008, terminated June 1, 2009.
-Announced, June 23, 2009 

BankFirst, Sioux Falls, South Dakota  -- issuance of a prompt corrective action directive.
-Announced, June 24, 2009 

CCB Financial Corporation, Jonesboro, Georgia  -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
-Announced, June 23, 2009 

IT & S of Iowa, Inc., Oskaloosa, Iowa  -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, June 25, 2009 

Forms

Forms  -- final Board review to extend�without revision the interagency Suspicious Activity Report (FR 2230).
-Approved, June 22, 2009 

Monetary and Financial Policy

Liquidity Facilities  -- extension until February 1, 2010, of the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF), Commercial Paper Funding Facility, Primary Dealer Credit Facility, and (approved jointly with the Federal Open Market Committee) Term Securities Lending Facility (TSLF); and modifications to the Term Auction Facility, AMLF, and TSLF.
-Approved, June 23, 2009 

Personnel

Division of Reserve Bank Operations and Payment Systems  -- appointment of Susan Foley as deputy associate director.
-Announced, June 25, 2009 

Regulations And Policies

Regulation BB (Community Reinvestment)  -- publication for comment of interagency amendments to require the federal bank and thrift regulatory agencies to consider certain low-cost education loans, and certain activities undertaken in cooperation with minority- or women-owned institutions or low-income credit unions, when assessing a financial institution's record of meeting community credit needs.
-Approved, June 22, 2009 

Risk-Based Capital Guidelines  -- interagency interim final rule with request for comment on the risk-based capital treatment of qualifying mortgage loans modified pursuant to the Department of the Treasury's Making Home Affordable Program.
-Approved, June 23, 2009 

System Lending Facilities  -- fourth periodic report to Congress, required by the Emergency Economic Stabilization Act, on lending facilities authorized under section 13(3) of the Federal Reserve Act.
-Approved, June 23, 2009 

Testimony And Statements

Acquisition of Merrill Lynch by Bank of America  -- statement by Chairman Bernanke before the House Committee on Oversight and Government Reform on the Federal Reserve's role in the acquisition of Merrill Lynch & Co., Inc. by Bank of America Corporation.
-Published, June 25, 2009 

Over-the-Counter Derivatives  -- statement by Patricia White, associate director, Division of Research and Statistics, before a subcommittee of the Senate Committee on Banking, Housing, and Urban Affairs on the development of a new regulatory structure for the OTC derivatives market.
-Published, June 22, 2009 


Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco